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    vansuram's Avatar
    vansuram Posts: 1, Reputation: 1
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    #1

    Jan 23, 2010, 07:36 AM
    US Taxation of Real Estate Property in India for OCI card holders
    I am an US citizen and an OCI card holder. I recently purchased property in Inida . The Property is still under construction and not expected to finish till next year although I paid for it this year (taking a loan from my 401k) . Where should I report this investment if it needs to be reported ?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Jan 23, 2010, 07:42 AM

    No, you do not report the investment. You may be required to file Form TD F 90-22.1 to report your bank account and financial account info.
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